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Real Estate Trivia
Welcome > Resources > Trivia ...

Enjoy! 

I've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

What did 75% of 10,000 buyers surveyed by the NAR list as their top reasons for selecting a Real Estate Professional?

A  Knowledge of the housing market, knowledge of real estate practices and financing, and familiarity with neighborhoods.

Q 

1992 marked the first year since before the Civil War that there were fewer than 2 million ________ in the United States?

A  There are fewer than 2 million farms, and agricultural land is still being carved up for residential and commercial uses.

Q 

Due to low business and living expenses, what areas are considered to be the fastest growing in the country?

A  According to recent studies, the Southern and Western regions of the U.S. are among the nation's strongest economies.

Q 

What document must lenders provide within three days of receiving your application for financing?

A  The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan.

Q 

What does "contingency" mean in real estate?

A  A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."

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Dana Fead, REALTOR®, real estate agent and broker for Darien, Norwalk and New Canaan, Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Dana Fead
Prudential CT Realty

455 Post Rd
Darien, CT 06820
203-299-4715
DanaFead@NUMBER1EXPERT.com


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